• Ventas average ebitda margin for 2023 was 39.19%, a 1.75% decline from 2022.
• Ventas average ebitda margin for 2022 was 39.89%, a 4.62% decline from 2021.
• Ventas average ebitda margin for 2021 was 41.82%, a 10.81% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.